BIGLARI HOLDINGS INC. (BH-A) FY2026 YTD Q2 P&L / Income Statement

2026-01-01 to 2026-06-30

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BIGLARI HOLDINGS INC. (BH-A) FY2026 YTD Q2 P&L / Income StatementIncome statement for 2026-01-01 through 2026-06-30. View: Equity Method Investment, Nonconsolidated Investee. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEGROSSOPERATINGPRE-TAXNETLion FundLion Fund IITotal revenuesRevenue before reconciliation (calculated)Components above reported revenue (calculated)Gross profit (calculated)Restaurant cost of salesOperating profit (calculated)Operating expenses (calculated)Selling, general and administrativeInsurance losses and underwriting expensesDepreciation, depletion, and amortizationInterest expense on borrowingsOil and gas production costsLicensing and media costsGain on sale of oil and gas propertiesInterest expense on leasesTotal other income (expenses)Earnings (loss) before income taxesNet earnings (loss)Income tax expense (benefit)Total other income (expenses)Total other income(expenses)$30.60 MEarnings (loss) before income taxesEarnings (loss)before income taxes$32.74 MRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$211.04 MGross profit (calculated)Gross profit(calculated)$127.41 MOperating profit (calculated)Operating profit(calculated)$2.13 MTotal revenuesTotal revenues$206.01 MNet earnings (loss)Net earnings (loss)$25.40 MOperating expenses (calculated)Operating expenses(calculated)$125.28 MIncome tax expense (benefit)Income taxexpense (benefit)$7.34 MSelling, general and administrativeSelling, general and administrative$51.10 MLion FundLion Fund$184.63 MInsurance losses and underwriting expensesInsurance losses andunderwriting expenses$29.96 MRestaurant cost of salesRestaurantcost of sales$78.59 MDepreciation, depletion, and amortizationDepreciation, depletion,and amortization$20.81 MLion Fund IILion Fund II$26.41 MInterest expense on borrowingsInterest expense on borrowings$11.18 MOil and gas production costsOil and gas production costs$8.07 MComponents above reported revenue (calculated)Components abovereported revenue(calculated)−$5.04 MLicensing and media costsLicensing and media costs$6.21 MGain on sale of oil and gas propertiesGain on sale of oiland gas properties−$4.80 MInterest expense on leasesInterest expense on leases$2.76 M
Chart details

BIGLARI HOLDINGS INC. (BH-A) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2026-01-01 through 2026-06-30. View: Equity Method Investment, Nonconsolidated Investee. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
206,005,000 US dollars
Restaurant cost of sales
78,592,000 US dollars
Gross profit (calculated)
127,413,000 US dollars
Operating expenses (calculated)
125,280,000 US dollars
Operating profit (calculated)
2,133,000 US dollars
Total other income (expenses)
30,604,000 US dollars
Earnings (loss) before income taxes
32,737,000 US dollars
Income tax expense (benefit)
7,342,000 US dollars
Net earnings (loss)
25,395,000 US dollars
Lion Fund
184,628,000 US dollars
Lion Fund II
26,412,000 US dollars
Impairments
0 US dollars
Interest expense on leases
2,757,000 US dollars
Licensing and media costs
6,209,000 US dollars
Selling, general and administrative
51,102,000 US dollars
Oil and gas production costs
8,071,000 US dollars
Insurance losses and underwriting expenses
29,955,000 US dollars
Depreciation, depletion, and amortization
20,806,000 US dollars
Interest expense on borrowings
11,183,000 US dollars
Gain on sale of oil and gas properties
negative 4,803,000 US dollars
Revenue before reconciliation (calculated)
211,040,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Components above reported revenue (calculated)
negative 5,035,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
BIGLARI HOLDINGS INC. (BH-A) FY2026 YTD Q2 Revenue by Investee Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

61.8%

Gross profit / revenue

Operating margin

1.0%

Operating profit / revenue

Cash conversion

138.9%

Operating cash / net income, same period

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